Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Time for tangible Government leadership on tolls

Time for tangible Government leadership on transmission and tolls

27 January 2006

It is time the Government transformed their economic aspirations into tangible leadership on transport funding and the national transmission upgrade, according to the NZ Council for Infrastructure Development.

"The Prime Minister has clearly signalled her intention to focus on economic transformation. Timely decisions on the national transmission upgrade path and funding for land transport infrastructure should be top of that agenda," says NZCID CEO Stephen Selwood.

"The headline grabbing debate over the transmission upgrade path has gone on for far too long. Not only is this unfair on the communities affected, it has serious flow on affects on business investment decision making."

"Without a viable transmission network, critical decisions on future power generation are put at risk and the viability of the electricity market is undermined."

"There's not much point in investing in a power plant if you can't get your electricity to market."

"Likewise, continued uncertainty about security of energy supply and pricing inhibits business investment."

"Meanwhile, over $1b per year is the cost of traffic congestion in Auckland alone. A substantial funding gap is holding up public transport and roading projects across the country, prompting calls from the mayors of Auckland, Manukau and Waitakere cities to allow for tolls on existing roads to bridge the shortfall."

"Government must make a decision as to whether it will invest more of the fuel excise tax into the road and public transport systems, or allow tolls as an alternative funding mechanism."

"The Ministry of Transport has been investigating both tolls and road pricing for the best part of two years, but the Government has yet to announce any outcome from this work."

"In such an environment, its little wonder that business confidence is lacking, and economic growth is being stifled."

"Prime Ministerial focus on these key issues is imperative," Selwood says.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Voluntary Administration: Renaissance Brewing Up For Sale

Renaissance Brewing, the first local company to raise capital through equity crowdfunding, is up for sale after cash flow woes and product management issues led to the appointment of voluntary administrators. More>>


Approval: Northern Corridor Decision Released

The approval gives the green light to construction of the last link of Auckland’s Western Ring Route, providing an alternative route from South Auckland to the North Shore. More>>


Media Mega Merger: Full Steam Ahead For Appeal

New Zealand's two largest news publishers have confirmed they are committed to pursuing their appeal against the Commerce Commission's rejection of the proposal to merge their operations. More>>

Crown Accounts: $4.1 Billion Surplus

The New Zealand Government has achieved its third fiscal surplus in a row with the Crown accounts for the year ended 30 June 2017 showing an OBEGAL surplus of $4.1 billion, $2.2 billion stronger than last year, Finance Minister Steven Joyce says. More>>


Mycoplasma Bovis: One New Property Tests Positive

The newly identified property... was already under a Restricted Place notice under the Biosecurity Act. More>>

Accounting Scandal: Suspension Of Fuji Xerox From All-Of-Government Contract

General Manager of New Zealand Government Procurement John Ivil says, “FXNZ has been formally suspended from the Print Technology and Associated Services (PTAS) contract and terminated from the Office Supplies contract.” More>>